IT Contractor Mortgages Demand
IT Contractor Mortgages demand is soaring.
Specialist IT Contractor Mortgages have been available for some time now. Tony Harris has been getting IT Contractors mortgages at very cheap rates for a number of years.
Prior to Tony’s emergence into the market, IT Contractors, when they walked into high street banks or building societies were asked to produce three years worth of accounts.
Usually, when new contractors have had a doubling of their earning capacity when leaving their permanent jobs to become contractors, they want to buy a bigger and better house as they can now afford it.
Specialist IT Contractor Mortgages
However, to produce three years worth of accounts they must have been an IT contractor for at least 4 years. That’s a bit of a killer blow to new IT Contractors. I know it is from my own experience.
It was a big disappointment. By the time I had 3 years worth of accounts the market had moved on. Those specialist IT Contractor Mortgages were not available in those days.
I was also told that the offer would be 3 or 4 times my Director’s salary. As that wasn’t high I would have been better off applying with my permie salary.
Nowadays Tony can get IT Contractors offers based on their daily rate annualised (48 times their weekly rate)
Contractor Mortgage Offer
IT Contractors are able to take advantage of Tony’s credibility with lenders. They also owe contractors who got mortgages through Tony in the past a debt of gratitude for paying back their mortgages and not defaulting.
It means that today’s IT Contractors can get mortgages at better than market rates.
Now, Tony has talked lenders into trusting his judgement even more and he has now negotiated a deal to be able to get any type of contractor or freelancer a specialist contractor mortgage.
This opens up the market to engineers, accountants, doctors etc.
First Time Contractors
Tony claims that he can get a first time contractors on his or her first day on a contract an offer within hours and they should be turning the keys to the door of their dream house in 4 to 6 weeks.
Tony tells me that contractor mortgages demand is now greater than it was at the 2007 peak.
That’s impressive too. Mortgages demand remains healthy.
To apply, or get more info, click on Specialist Contractor Mortgages